2016 Tennessee Code
Title 48 - Corporations and Associations
Nonprofit Corporations
Chapter 56 - Members and Memberships
Part 2 - Types of Memberships -- Members' Rights and Obligations
§ 48-56-202. Transfers.

TN Code § 48-56-202 (2016) What's This?

(a) Except as set forth in or authorized by the charter or bylaws, no member of a corporation may transfer a membership or any right arising therefrom.

(b) Where transfer rights have been provided, no restriction on them shall be binding with respect to a member holding a membership issued prior to the adoption of the restriction unless the restriction is approved by the members and the affected member.

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